Imagine a real estate investing niche fueled by society’s demand for higher education, then factor in a government unable to meet the housing demand, created by an endless drumbeat of “you’ve got to go to college or you’ll be a miserable failure in life” messages... [...more]
Realty Trac released their latest report on foreclosure activity. They use the term "mixed" to describe the results. While that is generally true, the real story is found in the states where the cities in the report are located. Those cities showing increases in foreclosure activity are located in "Judicial Foreclosure" states [...more]
The foreclosure numbers have receeded somewhat. Perhaps this is a sign that the volume is finally coming down, or it's a momentary pause caused by the Robo-signing scandal and ensuing bank settlement of 2011. But either way, the damage has been done, and will continue for years to come. [...more]
If you are a homeowner struggling to keep your home, and experiencing the frustrations of dealing with a giant bank or government bureaucracy, storm damage to your home has the potential of taking things to a whole new level. [...more]
It's time to officially declare a real estate price bottom. And yes, prices could erode further in the hardest hit markets - At least statistically - but remember, the lower they've gone, the more likely they are to rebound with gusto. [...more]
Congratulations, Las Vegas! After 62 consecutive months as the poster child of the foreclosure crisis, Las Vegas’ foreclosure rate dropped below that of Arizona. Granted, it didn't drop by much, but will this ever-so-slight improvement impact real estate investing opportunities in Sin City? [...more]
The government's attempts to "fix" housing, and stop the foreclosure crisis via various programs have failed miserably. We've seen a 7 trillion dollar loss in the value of the U.S. housing market, and trillions more spent for bank bailouts, yet home sales are down and foreclosures continue at record levels. [...more]
FHFA Regulator, Edward DeMarco, charged with oversight of mortgage giants Fannie Mae and Freddie Mac, is under heavy pressure from the Obama administration and Democrats in congress to allow reductions of mortgage principal for qualified borrowers. [...more]
The jobs report released on April 6th, posted much lower than expected numbers. After February numbers had managed to reach the 200,000 mark, it was assumed (there's that word again), that the March report would indicate a job market that was beginning to show signs of life. But instead, the report was a disappointing 120,000 new jobs. [...more]
It’s a “Twilight Zone” kind of plot twist that even Rod Sterling could not have imagined. Wall Street’s biggest names are rushing to jump into the single family rental market in a big way. They believe that there are “fat profits” to be made in the rental property business, and many of the same firms [...] [...more]
